5723 Franklin Ave

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5723 Franklin Ave

Des Moines, IA 50310
Asking Price
$750K
Asset Type
Religious/Church Special-purpose
Class
Class B

What's Special

Special Purpose | 8,100 SqFt <ul><li>​For Sale: United Methodist Church</li><li>​8,100 square feet</li><li>​Built in 1954</li><li>​Sold "As-Is"</li><li>​Merle Hay Road Traffic Count: 15,000 vehicles/day</li><li>​Zoning: P2 - Public, Civic, & Institutional District</li><li>​Lot Size: 62,393 SF</li></ul>

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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911

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